Smallcaps shine in weak market; PSB, IT shares slip, FMCG, defence gain

Closing Bell on September 26, 2023: The BSE Sensex closed at 65,945 levels, down 78 points, while the Nifty50 shut shop at 19,665, down 10 points

Image SI Reporter New Delhi
BSE, stock market, sensex

Closing Bell: Lack of directional cues left markets listless on Tuesday with the benchmark BSE Sensex and Nifty50 ending on a flat note.

The 30-pack BSE benchmark closed at 65,945 levels, down 78 points, while the 50-pack NSE benchmark shut shop at 19,665, down 10 points. 

In the broader markets, the BSE MidCap and SmallCap indices ended mixed as the former slipped  0.09 per cent and the latter gained 0.33 per cent.

Sectorally, the Nifty PSU Bank, IT, and Bank indices were the top laggards, falling between 0.3 per cent and 0.6 per cent. On the upside, the Nifty FMCG index added 0.5 per cent. 

Buzzing stocks:
Eicher Motors: Shares of Eicher Motors, the listed parent company of Royal Enfield, and TVS Motor Company were in focus and rallied up to 4 per cent on the BSE in Tuesday's intra-day trade after overseas brokerage firm Jefferies said it prefer these two stocks over Bajaj Auto and Hero MotoCorp in two-wheelers (2W) segment. READ MORE

GVK Power: The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE. READ MORE

Primary market action
JSW Infrastructure: The IPO of the JSW Group company was subscribed 1.6 times till 3:30 PM on the second day of the issue, led by retail investors (3.9x subscription), NII (2.5x), and QIB (46 per cent).

Updater Services: This IPO saw a slow start with the issue getting subscribed just 14 per cent thus far on day 2. Retail portion is subscribed 62 per cent, while NII subscription is at 10 per cent.

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First Published: Sep 26 2023 | 07:43 AM IST

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